Pro Farmer: After The Bell Soybean Recap
By Pro Farmer - Fri 04 Jan 2013 14:36:15 CT
Related Keywords: Agriculture

Soybean futures trimmed daily declines, but still posted sharp losses for the week. March soybean futures matched support at the November low of $13.56 today, but closed above it. Bears clearly hold the near-term advantage on a technical basis. Slipping below the November lows early next week would open additional near-term downside risk. Traders, however, could cover short positions as they prepare for USDA's January reports on Friday.
 


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